The stock is cheap, no question about it
Refer to the announcement (Sep 4th). Today was the high grade holes. Future holes aren't expected to be high grade. There was one sliver of 2.5m of high grade. This won't move MTM's stock price.
I hate to say it and hope I am wrong. But I think a capital raise is coming.
My reasons are as follows:
- Previous quarter had $2.5m of cash.
- Canadian drilling and it's a diamond core drill for 5,000m. Conservatively this would cost $1m-$1.5m by itself.
- Other tenements and costs were $400k per quarter per historical average.
- I don't know how much was spent on Laverton on those soils and what other works are being done in parallel.
Implies that Cash is anywhere between $0.6m - $1.1m at the end of this month in the September quarter
- Forums
- ASX - By Stock
- MTM Chart
The stock is cheap, no question about itRefer to the...
-
- There are more pages in this discussion • 48 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
Add MTM (ASX) to my watchlist
|
|||||
Last
2.9¢ |
Change
0.002(7.41%) |
Mkt cap ! $8.152M |
Open | High | Low | Value | Volume |
2.6¢ | 2.9¢ | 2.6¢ | $7.946K | 285.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 46744 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 300000 | 0.027 |
1 | 170832 | 0.026 |
2 | 55000 | 0.025 |
2 | 145000 | 0.023 |
2 | 127272 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 46744 | 1 |
0.031 | 250000 | 1 |
0.033 | 325 | 1 |
0.035 | 300000 | 1 |
0.040 | 50000 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
MTM (ASX) Chart |